CBRE Ireland has confirmed the sale of One Westmoreland, Dublin 2, a six-storey building in Dublin City Centre with full planning permission for a 38-bedroom hotel.
The original guide price was €6 million and the property was sold to a private buyer.
“This superb opportunity was sold to a private investor who recognised the great potential that the prime property offers," said Paul Collins, head of CBRE Hotels Ireland. "There was significant interest in One Westmoreland Street due to the ability to create and operate a high-profile hotel in this stunning Temple Bar location.”
CBRE has noted that the property occupies a high-profile location, situated on one of the widest and busiest streets in Dublin city centre. The proposed hotel forms part of Temple Bar with proximity to Grafton Street and Henry Street, Dublin’s primary shopping high streets.
The immediate area is set to benefit from the future pedestrianisation of College Green, which is planned from the gates of Trinity College Dublin to the junction of Dame Street and South Great Georges Street.
